Flowserve Corporation (NYSE:FLS) Short Interest Update

Flowserve Corporation (NYSE:FLS) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 4,003,484 shares, a growth of 36.2% from the March 15th total of 2,939,034 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average daily volume of 1,755,513 shares, the days-to-cover ratio is currently 2.3 days.

Flowserve Trading Up 8.0%

FLS stock traded up $6.25 during midday trading on Friday, reaching $84.08. The company’s stock had a trading volume of 1,307,252 shares, compared to its average volume of 1,633,928. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 2.03. The stock has a fifty day simple moving average of $80.95 and a two-hundred day simple moving average of $72.10. Flowserve has a 1 year low of $39.85 and a 1 year high of $92.41. The firm has a market capitalization of $10.75 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 1.75 and a beta of 1.33.

Flowserve (NYSE:FLS) last posted its quarterly earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the company earned $0.70 EPS. The business’s revenue was up 3.5% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, equities research analysts predict that Flowserve will post 3.18 EPS for the current year.

Flowserve Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.0%. This is an increase from Flowserve’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, March 27th. Flowserve’s dividend payout ratio is presently 33.59%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Hillsdale Investment Management Inc. purchased a new position in Flowserve in the 3rd quarter valued at approximately $3,034,000. D.A. Davidson & CO. raised its position in Flowserve by 67.1% in the third quarter. D.A. Davidson & CO. now owns 34,914 shares of the industrial products company’s stock valued at $1,855,000 after purchasing an additional 14,025 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Flowserve in the third quarter valued at about $2,343,000. Massachusetts Financial Services Co. MA raised its position in Flowserve by 104.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,333,481 shares of the industrial products company’s stock valued at $230,281,000 after purchasing an additional 2,213,406 shares during the period. Finally, Exchange Traded Concepts LLC raised its position in Flowserve by 19.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 128,436 shares of the industrial products company’s stock valued at $8,911,000 after purchasing an additional 20,725 shares during the period. 93.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FLS has been the topic of several recent research reports. Stifel Nicolaus upped their price objective on shares of Flowserve from $97.00 to $102.00 and gave the company a “buy” rating in a report on Tuesday. The Goldman Sachs Group restated a “neutral” rating and issued a $88.00 target price on shares of Flowserve in a report on Monday, February 9th. Zacks Research cut shares of Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Mizuho boosted their target price on shares of Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Finally, Wall Street Zen lowered Flowserve from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 15th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.70.

Flowserve News Summary

Here are the key news stories impacting Flowserve this week:

• Positive Sentiment: Zacks bumped several 2027 EPS forecasts for Flowserve (Q2, Q3, Q4 and FY) by small amounts — the firm now models FY2027 at $4.53/share — signaling slightly stronger forward earnings expectations. Zacks raises 2027 EPS estimates (MarketBeat)
• Positive Sentiment: Flowserve amended and restated its credit agreement to expand long?term liquidity, reducing refinancing risk and improving financial flexibility — a clear fundamental positive for investors focused on balance?sheet stability. Flowserve expands long-term liquidity (TipRanks)
• Positive Sentiment: A Zacks feature piece highlights Flowserve as a long?term growth idea, which can help sentiment among style?focused investors. Why Flowserve is a Top Growth Stock (Zacks)
• Neutral Sentiment: A Globe and Mail item notes a rating update from an analyst; the report appears informational without a clear buy/sell tilt. Rating update (Globe and Mail)
• Negative Sentiment: Zacks moved Flowserve from “Strong?Buy” to “Hold” — a downgrade of the formal recommendation that could temper momentum despite the modelled EPS increases. Zacks rating change (Zacks.com)

Flowserve Company Profile

Flowserve Corporation (NYSE: FLS) is a leading provider of fluid motion and control products and services. The company designs, manufactures and services engineered and industrial pumps, mechanical seals, valves and related flow management equipment. Flowserve’s offerings are utilized across a broad spectrum of end markets, including oil and gas, power generation, chemical processing, water management, pharmaceutical and semiconductor manufacturing, as well as mining and general industrial applications.

Flowserve’s product portfolio encompasses a wide range of centrifugal and positive displacement pumps, high-performance control valves, butterfly and ball valves, as well as mechanical seals and seal support systems.